Change the System

Trust in “institutions” defined as governments, corporations, NGO’s and media have all declined in 2016 to trust “lows” that are similar to those during the 2008/2009 financial crisis (without a precipitous event this year, like we had in ‘08).

85% of survey respondents indicated they believe that the aforementioned institutions do not have their best interests in mind, and that they don’t trust in “the system”.

THE EU’s days might be numbered with Italy about to vote on a referendum which could send shockwaves across the continent.

Analysts believe the outcome of the #ballot on constitutional #reform could have massive #global implications. Ana Thaker, a market economist at PhillipCapital said the #Italian result could be as "significant as #Brexit”.

With many #European leaders already coming under severe pressure from #anti-EU parties ahead of #elections next year the significance of the Italian result is huge.

Maria Paola Toschi, global market strategist at JP Morgan Asset Management told CNBC: "The upcoming Italian #referendum this December may create volatility across markets as the year draws to a close."

Ms Toschi said the referendum is widely considered as political test for #Italy and its leader Matteo #Renzi.

She said: "A victory for #Yes could reinforce the empowerment of the current coalition on an ambitious program of reforms.

"A victory of #No could open a period of uncertainty on the political stability of the current coalition that has been always strongly committed on reforms."

Mr Renzi has vowed to resign and abandon politics if the constitutional reforms were not passed and opponents appear to have seized on what they see as an #opportunity to oust him and press ahead with their own populist #anti-EU agendas.

THE EU’s days might be numbered with Italy about to vote on a referendum which could send shockwaves across the continent.

Analysts believe the outcome of the #ballot on constitutional #reform could have massive #global implications. Ana Thaker, a market economist at PhillipCapital said the #Italian result could be as "significant as #Brexit”.

With many #European leaders already coming under severe pressure from #anti-EU parties ahead of #elections next year the significance of the Italian result is huge.

Maria Paola Toschi, global market strategist at JP Morgan Asset Management told CNBC: "The upcoming Italian #referendum this December may create volatility across markets as the year draws to a close."

Ms Toschi said the referendum is widely considered as political test for #Italy and its leader Matteo #Renzi.

She said: "A victory for #Yes could reinforce the empowerment of the current coalition on an ambitious program of reforms.

"A victory of #No could open a period of uncertainty on the political stability of the current coalition that has been always strongly committed on reforms."

Mr Renzi has vowed to resign and abandon politics if the constitutional reforms were not passed and opponents appear to have seized on what they see as an #opportunity to oust him and press ahead with their own populist #anti-EU agendas.